Funding you earn now, next payment 04:00 UTC+0.0030%/8h= +3.3% APRnext payment +$0.15 per $10,000 · paid last 24h −0.015%
Price spread now: BloFin against Binance−0.115%7-day average +0.018% · you buy dearer than you sell
Net, funding: paid 7d − costs−$146as in the Funding arb table
Net, price: spread back to 7d avg − costs−$156as in the Price arb table
costs, in and out, $10k−$1431.425% of the position
Funding, last 7 days−0.037%−$4 on $10k
+Price spread, last 3 days (all we have)+0.102%+$10 · spread now −0.115%, 7d avg +0.018%
=Funding pays, the price is against you. BloFin is 0.134% cheaper against Binance than usual: you would sell low and buy high (spread −0.115% now, against its 7-day average of +0.018%). If the spread goes back, that is −$13 on $10k: about 15 days of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance TURTLEUSDT | 0.04338 | 0.0100 | pay 0.0050% / 4h | 3h 43m | $1.5M | $694K | 20x |
| Short | BloFin TURTLE-USDT | 0.04333 | 0.0130 | get 0.0065% / 4h | 3h 43m | $101K | $7K | 20x |
Binance TURTLEUSDT
BloFin TURTLE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $6.24
- Price spread: −0.115% → +0.018%
- −$13.35
- Slippage, 4 orders
- −$120.5
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$149.62
- Costs to cover
- 1.425%
- Break-even
- 175.0 days
Slippage from Binance: live order book, 5 min ago; BloFin: live order book, 12 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Binance live order book, 5 min ago | 1.15 bp | 45.9 bp −$46 | 452.5 bp −$4,525 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 12 min ago | 2.31 bp | 27.7 bp −$28 | 95.9 bp −$959 | doesn't fit | doesn't fit |
TURTLE on 9 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster TURTLEUSDT | +0.0100% | 4h | 0.04332 | −0.127% | $2K | $213 | 5x | as long as short |
| Binance TURTLEUSDTlong | +0.0100% | 4h | 0.04338 | long leg | $1.5M | $694K | 20x | |
| Bybit TURTLEUSDT | +0.0100% | 4h | 0.04336 | −0.046% | $151K | $25K | 25x | as long as short |
| Gate TURTLE_USDT | +0.0100% | 8h | 0.04341 | +0.069% | $88K | $21K | 20x | as long as short |
| MEXC TURTLE_USDT | +0.0100% | 4h | 0.04337 | −0.023% | $226K | $86K | 20x | as long as short |
| KuCoin TURTLEUSDTM | +0.0100% | 4h | 0.04333 | −0.115% | $174K | $104K | 20x | as long as short |
| BingX TURTLE-USDT | +0.0100% | 4h | 0.04336 | −0.046% | — | $6.5M | — | as long as short |
| Variational Omni TURTLE | +0.0100% | 4h | 0.04335 | −0.062% | $1K | $901 | — | as long as short |
| BloFin TURTLE-USDTshort | +0.0130% | 4h | 0.04333 | −0.115% | $101K | $7K | 20x |
Aster TURTLEUSDT
Bybit TURTLEUSDT
Gate TURTLE_USDT
MEXC TURTLE_USDT
KuCoin TURTLEUSDTM
BingX TURTLE-USDT
Variational Omni TURTLE